XML 11 R17.htm IDEA: XBRL DOCUMENT
v3.19.3

Leases (Tables) | 9 Months Ended
--- | ---
Sep. 26, 2019
Leases |
Schedule of Supplemental Balance Sheet Information Related to Leases | The adoption of ASC 842 had the following effect on the Company’s financial statements as follows (all relating to operating lease right-of-use assets and obligations):
|  | Balance at |  | ASC 842 |  | Balance at
|  | December 27, 2018 |  | Adjustments |  | December 28, 2018
|  | (in thousands)
Assets |  |  |  |  |  |  |  |  |
Other current assets |  | $ | 15,355 |  | $ | (690) |  | $ | 14,665
Operating lease right-of-use assets |  |  | — |  |  | 76,178 |  |  | 76,178
Other assets (long term) |  |  | 33,100 |  |  | (8,868) |  |  | 24,232
Liabilities |  |  |  |  |  |  |  |  |
Other accrued liabilities |  |  | 59,645 |  |  | (4,396) |  |  | 55,249
Current portion of operating lease obligations |  |  | — |  |  | 5,909 |  |  | 5,909
Operating lease obligations |  |  | — |  |  | 75,608 |  |  | 75,608
Deferred compensation and other |  |  | 56,908 |  |  | (10,501) |  |  | 46,407
Schedule of Lease, Cost | Total lease cost consists of the following:
|  |  |  | 13 Weeks |  | 39 Weeks
|  |  |  | Ended |  | Ended
Lease Cost |  | Classification |  | September 26, 2019 |  | September 26, 2019
|  |  |  | (in thousands)
Finance lease costs: |  |  |  |  |  |  |  |
Amortization of finance lease assets |  | Depreciation and amortization |  | $ | 952 |  | $ | 2,814
Interest on lease liabilities |  | Interest expense |  |  | 284 |  |  | 870
|  |  |  | $ | 1,236 |  | $ | 3,684
Operating lease costs: |  |  |  |  |  |  |  |
Operating lease costs |  | Rent expense |  | $ | 6,386 |  | $ | 17,752
Variable lease cost |  | Rent expense |  |  | 362 |  |  | 1,157
Short-term lease cost |  | Rent expense |  |  | 58 |  |  | 178
|  |  |  | $ | 6,806 |  | $ | 19,087
Schedule of Other Information Related to Leases |
|  | 39 Weeks
|  | Ended
Other Information |  | September 26, 2019
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Financing cash flows from finance leases |  | $ | 1,908
Operating cash flows from finance leases |  |  | 870
Operating cash flows from operating leases |  |  | 18,140
Right of use assets obtained in exchange for new lease obligations: |  |  |
Finance lease liabilities |  |  | 1,716
Operating lease liabilities, including from acquisitions |  |  | 163,416
|  | September 26, 2019
|  | (in thousands)
Finance leases: |  |  |
Property and equipment – gross |  | $ | 74,348
Accumulated depreciation and amortization |  |  | (52,069)
Property and equipment - net |  | $ | 22,279
Schedule of Lease Term and Discount Rate |
Lease Term and Discount Rate |  | September 26, 2019 |
Weighted-average remaining lease terms: |  |  |
Finance leases |  | 10 | years
Operating leases |  | 15 | years
Weighted-average discount rates: |  |  |
Finance leases |  | 4.68 | %
Operating leases |  | 4.64 | %
Schedule of Maturities of Operating and Finance Leases Liabilities | Maturities of lease liabilities as of September 26, 2019 are as follows (in thousands):
Fiscal Year |  | Operating Leases |  | Finance Leases
2019 (excluding the 39 weeks ended September 26, 2019) |  | $ | 4,649 |  | $ | 1,020
2020 |  |  | 25,154 |  |  | 3,584
2021 |  |  | 24,485 |  |  | 2,992
2022 |  |  | 25,056 |  |  | 2,946
2023 |  |  | 23,538 |  |  | 2,836
2024 and thereafter |  |  | 221,983 |  |  | 16,948
Total lease payments |  |  | 324,865 |  |  | 30,326
Less: amount representing interest |  |  | (90,914) |  |  | (6,248)
Total lease liabilities |  | $ | 233,951 |  | $ | 24,078
Schedule of Future Minimum Rental Payments for Operating and Finance Leases | Aggregate minimum lease commitments as of December 27, 2018 under Accounting Standard Codification Topic 840 are as follows (in thousands):
Fiscal Year |  | Operating Leases |  | Capital Leases
2019 |  | $ | 11,317 |  | $ | 3,073
2020 |  |  | 10,169 |  |  | 2,978
2021 |  |  | 9,670 |  |  | 2,679
2022 |  |  | 9,910 |  |  | 2,718
2023 |  |  | 9,038 |  |  | 2,718
2024 and thereafter |  |  | 80,523 |  |  | 16,940
Total minimum lease payments |  | $ | 130,627 |  |  | 31,106
Less: amount representing interest |  |  |  |  |  | (6,978)
Total present value of minimum capital lease payments |  |  |  |  | $ | 24,128

X
- Definition Schedule Of Future Minimum Rental Payments For Operating And Finance Leases. + References No definition available. + Details
Name: | mcs_ScheduleOfFutureMinimumRentalPaymentsForOperatingAndFinanceLeasesTableTextBlock
Namespace Prefix: | mcs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lease term and discount rate. + References No definition available. + Details
Name: | mcs_ScheduleOfLeaseTermAndDiscountRateTableTextBlock
Namespace Prefix: | mcs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of maturities of operating and finance leases liabilities. + References No definition available. + Details
Name: | mcs_ScheduleOfMaturitiesOfOperatingAndFinanceLeasesLiabilitiesTableTextBlock
Namespace Prefix: | mcs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure other information related to leases. + References No definition available. + Details
Name: | mcs_ScheduleOfOtherInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | mcs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental balance sheet information related to leases. + References No definition available. + Details
Name: | mcs_ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | mcs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration